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Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,670,000 2.967.000 293,200 1,570,000 $ 839,800 151,000 $ 688,800 310,500 378,300 Balance Sheet, Year-End Assets 2017 2016 Cash Accounts receivable Inventory $ 46,200 632,000 469,200 S1,147,400 2,993,000 $ 4,140,400 $ 67,000 1,159,200 806,300 $ 2,032,500 4,737,000 Total current assets Fixed assets Total assets $ 6,769,500 Liabilities and Stockholders' Equity $ 329,500 498,000 S 827,500 2,097,800 $2,925,300 $ 315,200 899,900 $ 1,215,100 $ 4,140.400 $796,000 975.300 $1,771,300 3,901.400 $ 5,672,700 Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings $ 315,200 781,600 $ 1.096,800 Total stockholders' equity Total liabilities and stockholders' equity $ 6,769,500 a. Inventory turnover ratioi b. Debt/equity ratio in 2017 c. Cash flow from operating activities in 2017 d. Average collection period e. Asset turnover ratio f. Interest coverage ratio g. Operating profit margin h. Retun on equity J. Compound leverage ratio k. Net cash provided by operating activities 4.65 2.41 days
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